'To make settlement simpler': RBI to simplify claims process for deceased customers' nominees; banks launch re-KYC drive for Jan Dhan accounts
Wednesday, 6 August 2025 () RBI Governor announced measures to simplify claim settlements for deceased customers' accounts and lockers, alongside a re-KYC drive for PMJDY accounts via panchayat-level camps. The Retail Direct platform will now offer SIPs in treasury bills. Bank credit growth slowed to 12.1% in FY25, but total financial resource flow to the commercial sector increased.
The Reserve Bank of India (RBI) has proposed new rules to make it easier and faster to settle claims on the bank accounts and lockers of customers who have... DNA Also reported by •Zee News •IndiaTimes
Reserve Bank has released today the draft circular inviting comments on Settlement of Claims in respect of Deceased Customers of Banks Directions, 2025. Zee News
Wednesday, 6 August 2025 ()
